gold 4hour overview of key s/r levels

2023年9月26日

🔸Hello traders, today let's review the key s/r levels on gold 4 hour price chart.
We got a noteworthy sequence of lower lows and lower highs, indicating a strong
downtrend, currently re-distribution in progress with limited upside.

🔸Fresh supply overhead at 1947/1970/1986 usd, while also fresh demand below
at 1902/1886 usd, however bears maintain strategic advantage and rips/rallies
get sold indicating limited upside potential for gold prices mid-term/short-term.

🔸bulls should remain on sidelines and wait for a bounce play later near 1850 usd.

🔸Outlook and recommended trading strategy: bears should wait for rips/rallies
and short from overhead resistances, break below recent lows at 1886 usd
opens up further downside and bears will target 1850 usd immediately,
1850 usd is a natural progression for the sequence of lower lows.

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2023年9月26日

ノート

weak levels below, if we get a breakout expect strong sell side pressure

2023年9月26日

ノート

breaking down already, watch out

2023年9月27日

ノート

dump in progress

2023年9月29日

トレード終了: 利益確定目標に到達

1850 usd was just hit, congrats, TP hit.

2023年10月3日

ノート

eurusd strategic outlook bears will target 1.0000

2023年10月4日

ノート

eurgbp h4 best level to buy/hold TP +175 pips